Fortune India: IFFCO defends its numero uno status; ranks top

Once again, Fortune India 500 has ranked the largest cooperative in the world-IFFCO as the topmost in Fertilizer and Agro Chemicals industries in the country. This was shared by MD Dr U S Awasthi on social media which was retweeted by many including Director Premchand Munshi and PR Head Harshendra Verdhan.

Announcing the news, Managing Director Dr U S Awasthi who has been working hard to take the cooperative giant to greater heights tweeted “Glad to share that #IFFCO has again retained the number 1 place in the #Fertiliser & #AgroChemical industries in #India by @FortuneMagazine @FortuneIndia 500 Listing. #IFFCO is on top and rank 66 in all companies ranking in India. Committed to farmers & #cooperative service”.

Besides IFFCO, other fertilizer companies UPL and National Fertilizer stand at 2nd and 3rd positions in the Fortune list.

After sharing the news on Social Media, the MD’s followers on twitter greeted him and said it’s a matter of pride for farmers and cooperatives of India.

One of his followers tweeted “Many Congratulations to entire IFFCO family. “Sir, Congratulations, huge credit goes to your visionary leadership & hardwork of employees under your able guidance, said another follower.

The rankings are based on many factors such as innovation, people management, use of corporate assets, financial soundness, long-term investment and global competitiveness.

The list of Fortune 500 Indian companies is compiled annually by the Magazine’s Indian edition.